Welcome home: OLEA bolsters Dart's commitment to Cayman

Inspiring views, beautiful outdoor spaces, sophisticated shopping, dining and entertainment are the hallmark details of the vibrant town of Camana Bay. Guided by Ken Dart’s vision, the 685-acre master-planned mixed-use town is heralded for its world-class amenities, sustainable design and Caribbean charm.

Located in the core of Grand Cayman’s Seven Mile Beach corridor, Camana Bay offers a prestigious address to the local and international business community. Soon, the town will offer residences for those looking for a place to call home, with OLEA, a joint venture between Dart Real Estate and local developer NCB Group. As the first for-sale residential community in Camana Bay, OLEA further establishes Dart’s willingness to invest in the strength and resilience of the Cayman Islands economy.

“At Camana Bay, we are building for the future,” says CEO Mark VanDevelde. “We are committed to investing in facilities and infrastructure to ensure the Cayman Islands remains a top jurisdiction for international businesses and that those businesses continue to attract and retain top talent, whether local or from overseas, to underpin a strong economy.”

With more than US$1.5 billion invested in the Cayman Islands, Dart is committed to ensuring the continued prosperity of Cayman for visitors, businesses and residents alike. Investments in real estate development and construction, tourism and hospitality, and retail and entertainment all play an important role in contributing to the economy and promoting job creation in the jurisdiction.

This commitment has guided Dart’s activities in the Cayman Islands since Ken Dart first bought his home in Grand Cayman in the 1990s. Impressed by the island’s beauty and by the sophistication of the financial and legal industry, he set up his family office, which has since evolved into a group of companies that today employs nearly 700 people in Cayman and has investments around the world.

Renowned for its leading financial services sector, robust tourism industry, modern infrastructure and high standard of living, the Cayman Islands offers an attractive base and tax-neutral jurisdiction for business and investment. The development of OLEA is a further testament of Dart’s commitment to Cayman for generations to come.  

“As Camana Bay’s first for-sale residential offering, OLEA delivers on a promise that this is truly a place where you can live, work and play,” said Dart Real Estate President Jackie Doak. “Along with the planned expansion of Cayman International School and the new 60,000-square-foot supermarket, OLEA marks a pivotal point in Camana Bay’s history, leading to growing interest in commercial offerings and contributing to the wider Cayman Islands economy.” 

OLEA is now open to the public for residential reservations. The development will be located south of Camana Bay’s Town Centre, adjacent to Cayman International School, and will feature offerings ranging from 1-bedroom condos to 4-bedroom townhouses. Phase one is slated to be completed by the third quarter of 2020 and phase two is expected to be ready for move-in by the first half of 2021.